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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The components of basic and diluted earnings per share are as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2013

 
2012

 
2013

 
2012

Net (loss) / income attributable to CME Ltd.
 
 
 
 
 
 
 
Net (loss) / income
$
(40,957
)
 
$
3,956

 
$
(149,238
)
 
$
(9,436
)
Less: preferred dividend paid-in-kind
247

 
—

 
247

 
—

Net (loss) / income attributable CME Ltd. - Basic
$
(41,204
)
 
$
3,956

 
$
(149,485
)
 
$
(9,436
)
 
 
 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
 
 
Preferred dividend paid-in-kind
(247
)
 
—

 
(247
)
 
—

Net (loss) / income attributable to CME Ltd. - Diluted
$
(40,957
)
 
$
3,956

 
$
(149,238
)
 
$
(9,436
)
 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock - basic (1)
122,115

 
66,501

 
105,349

 
65,447

Dilutive effect of employee stock options and RSUs
—

 
31

 
—

 
—

Weighted average outstanding shares of common stock - diluted
122,115

 
66,532

 
105,349

 
65,447

 
 
 
 
 
 
 
 
Net (loss) / income per share:
 
 
 
 
 
 
 
Basic
$
(0.34
)
 
$
0.06

 
$
(1.42
)
 
$
(0.14
)
Diluted
$
(0.34
)
 
$
0.06

 
$
(1.42
)
 
$
(0.14
)
(1) For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, primarily because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of common stock.